DUBLIN—The "Industrial and Commercial Electric Vehicles on Land 2017-2027" report has been added to Research and Markets' offering.

Those selling components for electric vehicles and those wishing to make the vehicles themselves must seek where the majority of the money is spent and will be spent. That must lead them to industrial and commercial electric vehicles because today these represent 60% of the value of the electric vehicle market. Indeed, this sector is set to grow 4.5 times in the next decade. Industrial and commercial electric vehicles include heavy industrial vehicles, the term referring to heavy lifting, as with forklifts.

Global sales of industrial and commercial EVs by ex-factory unit price in US$ billion

This report covers the technical and market trends for industrial and commercial vehicles whether hybrid or pure electric, putting it in the context of electric vehicles overall and including the activities of a host of manufacturers of the vehicles and their components and even providing future technological development roadmaps.

The market for electric industrial vehicles is already large because, by law, forklifts have to be electric when used indoors. Little growth remains in this market but outdoors almost all earthmoving and lifting vehicles use the conventional internal combustion engine. That is about to change dramatically because hybrid electric versions reduce cost of ownership and exposure to price hikes with fossil fuels. Hybrids increasingly perform better as well, with more power from stationary, ability to supply electricity to other equipment and other benefits including less noise and pollution. On the other hand, airports, often government owned or funded, are under great pressure to finish converting their Ground Support Equipment GSE to pure electric versions both on and off the tarmac partly using federal grants.

Buses, trucks, taxis and the other light industrial and commercial vehicles are going electric for similar reasons but we must add the desire of national and local governments, who buy many of them, to go green, even where there is no payback. However, the size and growth of the industrial and commercial sector is less dependent on government funding and tax breaks than the more fragile market for electric cars, particularly pure electric ones. Excitingly, most of the electric vehicle technologies are changing and improving hugely and innovation often comes here before it is seen in the more publicised electric vehicle sectors such as cars.

Nevertheless, it is important to look at industrial and commercial electric vehicles as part of all electric vehicles out there - as we do - because it is increasingly true that one company will produce EVs for many end uses and even make key components. This achieves the product reliability and cost advantages that come from highest volume manufacture based on standardisation and shared research.

Key Topics Covered:

1. Executive Summary And Conclusions

2. Introduction

3. Lessons From Recent Conferences

4. Market Drivers For Industrial And Commercial EVs

5. Heavy Industrial EVs

6. Light Industrial & Commercial EVs

7. Buses And Trucks

8. Taxis

9. Three Wheel Commercial Vehicles

10. Electric Vehicles For Construction, Agriculture And Mining

11. Key Components For Industrial And Commercial Electric Vehicles

Companies Mentioned

  • Caterpillar
  • Chrysler
  • John Deere
  • Komatsu
  • Volvo

For more information about this report visit https://www.researchandmarkets.com/research/8w9hd3/industrial_and

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Related Topics: Commercial Vehicles, Electric and Hybrid Vehicles